If your company is a Canadian or provincially incorporated businesses located in southern Ontario you may be eligible to receive a repayable grant to cover up to 35% of eligible project costs for a maximum of $10 million per project through the FedDev Stream 1: Business Scale-up and Productivity Stream.
The recently announced Business Scale-up and Productivity Stream aims to accelerate the growth of firms and assist with the adoption and adaptation of new, innovative technologies that support scale-up, productivity, development of and entry into new markets to help companies become globally competitive.
Applications will be accepted on an ongoing basis with no submission deadlines.
Eligible costs include:
- Labor
- Expertise
- Non-Capital
- Capital
Eligible applicants must demonstrate:
- A minimum of 65% funding available for the project.
- A sustainable business model
- Financial, managerial, technical, and operational capacity
- Minimum of 5 full time employees.
- Market/industry demand
- Potential for market growth
- A viable project plan
Preference will be given to projects focused on issues and opportunities identified by FedDev Ontario as priority sectors, or projects that reinforce Ontario’s competitive advantage.
